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Building One of the Largest Privately Owned Barber Shops in the U.S. | Joe Agnello | CEO + Co-Owner, City Image Barber Shop Chain (10 Locations) | Barber Shop Owner Coach

Building One of the Largest Privately Owned Barber Shops in the U.S. | Joe Agnello | CEO + Co-Owner, City Image Barber Shop Chain (10 Locations) | Bar…

FromThe Hairdresser Strong Show


Building One of the Largest Privately Owned Barber Shops in the U.S. | Joe Agnello | CEO + Co-Owner, City Image Barber Shop Chain (10 Locations) | Bar…

FromThe Hairdresser Strong Show

ratings:
Length:
40 minutes
Released:
Jan 15, 2024
Format:
Podcast episode

Description

Tune in to hear Joe Agnello, CEO + Co-Owner of City Image Barber Shop Chain, tell you exactly what you need to know to build and grow your business!Follow/subscribe to be the first to know when new episodes are released. Like what you hear? Leave us a review!Key Takeaways-Joe is not a barber, but his brother is. After helping his brother here and there with the business side of the barber shop, they had a chance to open a 2nd location, and Joe joined the team!-Do not pay yourself a lot in the beginning, and reinvest your money into your business if you plan on scaling (aka growing)-Having a 2nd location is not ONLY double the work; it is so much more than that! You have team building, decisions on how to divide your attention, and a lot less free time.-When the economy tanks and you have been stacking your money for reinvestment, you can relieve someone of their failing business. This is great for you and them because you expand, and you take a headache off of their hands! Taking over leases for struggling people can be a "God Send"!-Joe left a 6 figure job and went to a $0 salary initially.-When you have employees, you have a huge responsibility to keep the business secure.-If you want to retain your employees/team members, YOU MUST SHOW GROWTH.regular maintenance of the spacecommunity eventssocial media investmentsstaying relevant, not necessarily expanding to multiple locations-Aspiring Entrepreneurs:Be ready to sacrifice time with your familysacrifice time with your friendssacrifice football on Sundays or whatever pastime you are used to enjoyingsacrifice money-Your employees should not work more than you unless you have made it as far as you want in the expanding and building of your business...but you will still need to stay relevant and show growth to retain your employees -Business ownership is a mindset more than anything else....do you have the mindset of willingness to see the long game and make short-term sacrifices for long-term gains and fulfillment?-Build a cushion in your bank account before paying yourself more than the bare minimum.-Once you have enough money for payroll and to pay your bills, then build some emergency money of $5k-$10k (may vary if not a barber shop and geographic location)Playing it too safe is not good for businessyou are probably not paying your employees enoughyou are probably not staying on top of growing and maintaining your business -Having partners is a marriage and both should have the same mindset. -Partners should not come in just for moneyHumanize your team; do not make it all about numbers, but do not skip the numbers.The Hairdresser Strong Show is all about Salon Owners, Barber Shop Owners, Rising Stylists, and Seasoned Stylists sharing their experiences, successes, failures, and advice to inform, educate, and empower their Fellow Hairdresser. We won’t stop until we are all: Hairdresser Strong.CONNECT WITH US? Subscribe to our free newsletter? Connect on Instagram?
Released:
Jan 15, 2024
Format:
Podcast episode

Titles in the series (100)

The Hairdresser Strong Show is all about Salon Owners, Rising Stylists, and Seasoned Stylists sharing their experiences, successes, failures, and advice to inform, educate, and empower their Fellow Hairdresser. We won’t stop until we are all: Hairdresser Strong.⁠